Taco Tuesday -- US Natural Gas Consumption Soars -- October 8, 2024

Locator: 48529B.

Nobel laureates, physics: machine language learning -- John Hopfield and Geoffrey Hinton fo rwork on machine learning with artificial neural networks. 

Markets: pre-market, all major US market green. Whoo-hoo!

NVDA: gained 2.2% yesterday; premarket, up another 2% today.

US natural gas soars: link here.

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Back to the Bakken

WTI: $75.69.

Wednesday, October 9, 2024: 21 for the month; 21 for the quarter, 535 for the year
None.

Tuesday, October 8, 2024: 21 for the month; 21 for the quarter, 535 for the year
None.

RBN Energy: are Gulf Coast storage rates high enough to support greenfield projects?

Many of the natural gas storage projects under development along the Gulf Coast involve the expansion of existing salt-cavern complexes and, with that, the sharing of at least some already-built infrastructure. That typically saves money, and the lower capital costs can help make a project a “go.” But at least a few well-sited projects competing for commitments are greenfield in nature and require not just the buildout of storage capacity itself but also the development of compression, freshwater wells, saltwater disposal wells, electricity supply, header pipelines and pipeline interconnections. In today’s RBN blog, we discuss two of the largest greenfield projects in the works: the Black Bayou Energy Hub in southwestern Louisiana and the Freeport Energy Storage Hub (FRESH).